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Jan 11,2008
The price of oil briefly broke the $100 mark last week. The most remarkable thing about passing the long-dreaded psychological barrier was how little it seemed to hurt. Back in the 1970s, the oil price shocks helped bring on years of inflation, economic stagnation and two recessions. This time around, the market mostly yawned when oil on the New York market touched $100.09 a barrel on Thursday, even though that's just a hair below the ... [full story]
1186 times read - No comment posted

Feb 02,2007
Michael E. Toner, the chairman of the Federal Election Commission, last week estimated that the unofficial entry fee for the 2008 presidential race will be at least $100 million. Candidates who haven't raised that much by the end of 2007 might just as well not leave the barn. To raise $100 million, a candidate has to raise $8.33 million a month, almost $2 million a week, nearly $274,000 a day. Every hour of every day, ... [full story]
1125 times read - No comment posted

Nov 16,2007
In coming months, Congress will take up landmark legislation by Sen. Joseph Lieberman, I-Conn., and Sen. John Warner, R-Va., meant to reduce the greenhouse gas emissions blamed for global warming. It would be nice if the veteran senators spent less time complimenting themselves for their sagacity in coming up with the plan and more time fixing its obvious flaw. We refer to its reliance on a lightly regulated cap-and-trade scheme akin to those in place ... [full story]
1126 times read - No comment posted

Apr 17,2009
Jimmy Carter sent the Delta Force to rescue hostages, and their helicopters crashed. Ronald Reagan sent peacekeepers to Lebanon, and 241 of them died when their barracks were blown up. Bill Clinton sent the Army Rangers to hunt down Somalia warlords, and the result was "Black Hawk Down." George W. Bush invaded Iraq, and we're still there. Barack Obama, on the other hand, sent the Navy to the Somali coast to rescue a hero from ... [full story]
2419 times read - No comment posted

Mar 28,2008
When an American service member is killed in Iraq, it takes a day or two, sometimes more, for the military to verify the circumstances of the death, notify the next of kin and then make the name public. So it may be Wednesday before we know the identity of the 4,000th U.S. military fatality in Iraq. Even then, death No. 4,000 will be arbitrary. Numbers 3,997, 3998, 3,399 and 4,000 took place simultaneously, at 10 ... [full story]
754 times read - No comment posted

May 11,2007
Don't look now, but the first popular votes in the 2008 presidential race may actually be cast in 2007, as states race against each other to move up their primaries in a bid to influence the process. The result is emerging pandemonium on the campaign trail and what is certain to be the most protracted and costliest presidential contest in history. There has to be a better way. If the Republican and Democratic national committees ... [full story]
795 times read - No comment posted

Apr 10,2009
The Obama administration got the attention of America's boardrooms with its largely symbolic firing recently of Rick Wagoner, the General Motors Corp. chief executive. Other CEOs, particularly at the nation's biggest banks, should be wary. There's a new boss in town. Treasury Secretary Timothy Geithner said Sunday on the CBS talk show "Face the Nation" that if banks get "exceptional assistance," there might be a need for a management change. Wagoner may have richly deserved ... [full story]
1058 times read - 1 comments posted

Feb 15,2008
In America, you can start poor, work hard and end up rich. But winding up rich is easier if you're born to wealthy parents. That's the unsurprising conclusion drawn from new studies of income mobility in America. This still is a country in which people can climb the economic ladder to a better life. But how far they get depends considerably on the head start they get from mom and dad. The Treasury Department recently ... [full story]
670 times read - No comment posted

Feb 08,2008
In some respects, Super Tuesday was viewed as the coming-out party for Hispanic voters. And what a grand fiesta it was, especially if you were pulling for Hillary Clinton or John McCain. According to exit polls, those were the candidates whom Hispanic voters found most appealing - a trend evident in states with sizable Hispanic populations. In New York, New Jersey, California and Arizona, Hispanics helped carry Clinton to victory. Among California Democrats, Clinton got ... [full story]
753 times read - No comment posted

Feb 23,2009
In an example of necessity colliding with common sense, the Pentagon is turning to immigrants to help offset recruitment shortfalls. And not just any immigrants either. The effort is aimed at high-skilled immigrants who came to this country legally on temporary visas and who have lived here for at least two years. Recruits would have the chance to become U.S. citizens in as little as six months following their military service. Illegal immigrants are not ... [full story]
669 times read - No comment posted

Jan 11,2008
Iran this week played a very dangerous game of chicken with the U.S. Navy in the Persian Gulf. Five small boats of the Iranian Revolutionary Guard harassed and provoked three U.S. warships in the Strait of Hormuz on Sunday morning. The boats swarmed the U.S. ships and engaged in threatening behavior. And they almost paid a high price for the stunt. And it's still not clear what the Iranians were up to. Was this an ... [full story]
722 times read - No comment posted

Mar 09,2009
Viewed in its parts, there is much to recommend President Barack Obama's audacious $3.6 trillion budget proposal. But as a whole ... a whole lot of spending. Congress must pare the cost while preserving the essential elements. And there is much in the package that should be considered vital for redirecting a nation that has been way short on innovation and too stingy with investment in key areas. Energy, education, transportation and health care top ... [full story]
797 times read - No comment posted

Jun 29,2007
The U.S. Supreme Court on Monday, in an opinion on so-called issue ads, has done more than potentially gut a key provision of the McCain-Feingold campaign finance law. The court imperils a measure pending in the state Assembly that would make such ads in state campaigns subject to disclosure and spending rules that candidates they attack must abide by. The 5-4 ruling came in a case involving Wisconsin Right to Life. About three years ago, ... [full story]
755 times read - No comment posted



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